Sudden Panic Sparks $200B Bitcoin and Crypto Price Crash
The URL from then...
www.forbes.com
There was a drop from near $100k to around $90.
On that thread I said, "It's just Bitcoin being Bitcoin."
And I provided a link to another example of such a move.
Well, guess what, this evening Bitcoin is back to (actually over) $100,000.
But, taking a step back from the day to day prices, I have to ask, why Bitcoin?
What is propping up that valuation?
My current opinion is that Bitcoin's price has risen due to the inherent anti-establishment aspect of Bitcoin.
imo, Bitcoin is all about decentralized finance. And that is appealing of late.
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